LS INVEST: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LS INVEST
Largest movements
- Receivables within one year +€54,118
up €54,118 (+114%), from €47,435 to €101,553
- Tangible fixed assets -€11,708
down €11,708 (-3.0%), from €390,939 to €379,232
of which Land and buildings: -€17,738
- Reserves +€51,000
up €51,000 (+52.5%), from €97,200 to €148,200
of which Distributable reserves: +€51,000
- Trade debts -€16,180
down €16,180 (-89.0%), from €18,179 to €1,999
- Tax, wage and social debts +€13,719
up €13,719 (+83.7%), from €16,397 to €30,116
- Gross operating margin +€52,040
up €52,040 (+82.9%), from €62,740 to €114,780
- Taxes +€13,865
up €13,865 (+210%), from €6,614 to €20,479
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €444,697 | €488,479 | +€43,782 | +9.8% |
| Fixed assets | 21/28 | €390,939 | €379,232 | -€11,708 | -3.0% |
| Tangible fixed assets | 22/27 | €390,939 | €379,232 | -€11,708 | -3.0% |
| Land and buildings | 22 | €368,745 | €351,007 | -€17,738 | -4.8% |
| Plant, machinery and equipment | 23 | €16,468 | €24,492 | +€8,024 | +48.7% |
| Furniture and vehicles | 24 | €5,726 | €3,733 | -€1,993 | -34.8% |
| Current assets | 29/58 | €53,758 | €109,248 | +€55,490 | +103% |
| Amounts receivable within one year | 40/41 | €47,435 | €101,553 | +€54,118 | +114% |
| Trade receivables | 40 | €47,435 | €101,553 | +€54,118 | +114% |
| Cash at bank and in hand | 54/58 | €6,272 | €7,643 | +€1,371 | +21.9% |
| Deferred charges and accrued income | 490/1 | €50 | €51 | +€1 | +2.4% |
| Total equity and liabilities | 10/49 | €444,697 | €488,479 | +€43,782 | +9.8% |
| Equity | 10/15 | €164,063 | €216,024 | +€51,961 | +31.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €97,200 | €148,200 | +€51,000 | +52.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €91,000 | €142,000 | +€51,000 | +56.0% |
| Profit (loss) carried forward | 14 | €4,863 | €5,824 | +€961 | +19.8% |
| Amounts payable | 17/49 | €280,634 | €272,455 | -€8,179 | -2.9% |
| Amounts payable after more than one year | 17 | €220,000 | €220,000 | = | 0.0% |
| Other amounts payable | 178/9 | €220,000 | €220,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,634 | €52,455 | -€8,179 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €2,945 | - | -€2,945 | |
| Trade debts | 44 | €18,179 | €1,999 | -€16,180 | -89.0% |
| Suppliers | 440/4 | €18,179 | €1,999 | -€16,180 | -89.0% |
| Taxes, remuneration and social security | 45 | €16,397 | €30,116 | +€13,719 | +83.7% |
| Taxes | 450/3 | €16,397 | €30,116 | +€13,719 | +83.7% |
| Other amounts payable | 47/48 | €23,113 | €20,340 | -€2,772 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,164 | €24,508 | +€344 | +1.4% |
| Other operating charges | 640/8 | €4,664 | €4,146 | -€518 | -11.1% |
| Gross operating margin | 9900 | €62,740 | €114,780 | +€52,040 | +82.9% |
| Operating profit (loss) | 9901 | €33,912 | €86,126 | +€52,214 | +154% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13,748 | €13,686 | -€61 | -0.4% |
| Recurring financial charges | 65 | €13,748 | €13,686 | -€61 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €20,164 | €72,440 | +€52,276 | +259% |
| Income taxes | 67/77 | €6,614 | €20,479 | +€13,865 | +210% |
| Profit (loss) for the period | 9904 | €13,550 | €51,961 | +€38,411 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €13,550 | €51,961 | +€38,411 | +283% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.